Taipei World Trade Centre Opens At New Delhi And Signs MoU To Boost

Taipei
World Trade Centre (TWTC), launched its office at New Delhi
with the objective of promoting trade between India
and Taiwan.
The occasion saw Mr. James C.F. Huang, Chairman, TWTC; Mr. Chung-Kwang
Tien, Taipei Economic and Cultural Center in India; Mr. Harish Meena,
Member of Parliament; Mr. Deepak Kumar, IAS, Executive Director, ITPO; and
Ms Ambika Sharma, Director General, FICCI in presence of other dignitaries
and corporates, coming together to notify the MOUs signing for promoting
bilateral trade between India and Taiwan.

Started in 1970 by Taiwan's foremost trade promotion organization, the Taiwan
External Trade Development Council (TAITRA),
also known as Taipei World Trade Centre provides a single, modern venue that
combines consulting service on trade-related issues, trading partners, suppliers, and markets for
international business.

The
launch marks the start of a new chapter in India-Taiwanese business relation
with leading Indian organizations such as Federation of Indian Chamber of
Commerce & Industry (FICCI), PHD Chamber of Commerce and Industry,
Society of Manufactures of Electric Vehicles (SMEV) and World Trade Center,
Mumbai among the corporates, signing MOUs for greater trade collaboration to
enhance India –Taiwanese partnership in the field of exhibitions, electric
vehicles, smart city and petrochemicals.

Highlights
of the MoU

· With WorldTradeCenter MumbaiTWTC plans to launch Mandarin project in India, the
project defined by Taiwan Government to propel Taiwanese language across
various countries. The objective is to strengthen trade relations with India by
promoting smooth cooperation & long term partnerships to excel trade.

· Society
of Manufacturers of Electric Vehicle (SMEV), represents Indian EV manufacturers, the organization that works closely
with the central and state governments and assists them in formulating policies
and processes to support the EV ecosystem in India. Under the MoU, TAITRA joins
hands with SMEV to enhance cooperation between Taiwan
and India’s
Electric Vehicle industries with various initiatives to come this year such as
Taiwan Expo 2018

· With FICCI, PHD
Chamber of Commerce and Industry, andCommunication Multimedia and
Infrastructure (CMAI) association of India, TAITRA aims at propelling
the overall trade with a series of collaborative initiatives via exhibitions
and the cooperation between India & Taiwan’s small and medium-sized
enterprises.

Here, we
are incredible honored to have New
Delhi as the home of our fourth Indian office. India, alongside the U.S.
and China,
are the only 3 countries in the world where we have 4 or more offices. For Taiwan, India
is a very important economic partner and friend, and the opening of our New Delhi office is a key
part of our commitment to building a strong and powerful economic future with
all of our Indian partners and friends.

The
newly opened TWTC New Delhi office key plan includes: providing trade related
information to both Indian and Taiwanese companies, consulting service for
trade/investment, holding trade promotion activities and Taiwan industry
enhancement projects, inviting Indian businessmen to Taiwan for Indian industrial
development needs, assisting Taiwanese businesses to invest in India and
working closely with local governments and trade promotion organizations.

Presently
the gross volume of the bilateral trade in goods between India and Taiwan
stands at 6.3 billion US dollars with 27% increase over the previous year and India ranks as the 14th export country for Taiwan. The
target sectors for Taiwan
to penetrate Indian markets would be electric vehicles, petrochemical,
automobile parts & components, screw & nuts, green energy, water
treatment, textile and etc.

Chairman,
Honorable Mr. James C.F. Huangstated,“We are
glad to announce thatTWTC will hold a series of expositions this
year. The upcoming event is “Taiwan Expo in India” to be held on May 17th -19th
with the participation of around 130 Taiwanese companies from ICT, EV, auto
parts & components, machine tool etc.”

Currently
there are 106 Taiwanese entrepreneurs managing 106 companies in India operating
in ICT, shipping, footwear, auto ancillary and the investments major in the
areas of, EV, petrochemical and automobile ancillary services are expected. In
the past 30 years, Taiwan
has helped build the world's largest manufacturing centers in mainland China and Southeast Asia.
This included more than 100,000 companies in China
and over 25,000 companies in Southeast Asia.
We know there is immense potential for Taiwan-India cooperation, and by working
together, we can help create the world's largest manufacturing center right
here in India.